TS WAS SURPRISED to see PwC caught on the hop by the International Accounting Standards Board’s publication of four new standards last week. While TS was dodging press releases and fending off media calls from other Big Four firms clamouring to comment, PwC was uncharacteristically shy. TS can only assume this was because no press release had been prepared. The PR team was taken aback at the mention of the newest members of the IFRS family, and TS is still waiting for a communiqué from the UK’s largest accountancy firm.